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Business Certificates of Deposits

Certificates of Deposits for Your Business

Business Certificates of Deposit Benefits

  • Competitive rates
  • Rate specials (contact us about any current specials)
  • FDIC insured (Federal Deposit Insurance Corporation insured)
  • Business certificates of deposit (CD) range from 3 to 60 months.
  • Add-on Certificates of Deposit are available in 18 or 36-month increments.

Business Certificates of Deposit Details

  • The minimum balance required to open a business CD is $1,000.
  • The maximum balance for an add-on CD is $100,000.
  • Compounding interest and crediting information for your CD will be provided at account opening.
  • If you close your account before interest is credited, you will receive the accrued interest. A penalty will be assessed.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day from the first day of the deposit.
CERTIFICATES OF DEPOSIT INTEREST RATES

Contact Waldo State Bank to find out more about our personal and business banking opportunities!

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